A newly built neighborhood on the west side of Los Angeles, Playa Vista offers office space for Silicon Valley’s biggest names and urban-style living for residents. The farmer’s market at Runway, an area with a Whole Foods Market, movie theater, 11 restaurants and over 15 stores.Michal Czerwonka for The Wall Street Journal

The Los Angeles district of Playa Vista is home to Facebook and Microsoft offices, and a growing number of residents seeking an urban lifestyle

A newly built neighborhood on the west side of Los Angeles, Playa Vista offers office space for Silicon Valley’s biggest names and urban-style living for residents. The farmer’s market at Runway, an area with a Whole Foods Market, movie theater, 11 restaurants and over 15 stores.Michal Czerwonka for The Wall Street Journal

Playa Vista, a newly built neighborhood on the west side of Los Angeles, lacks much of what locals consider luxury. There are no estates, sweeping views or movie-star enclaves. Yet houses are selling for over $4 million, and rents are eye-watering.

That is because Playa Vista is in the final stages of its reinvention, providing office space for the biggest names in tech as well as dense, urban-style living for residents. In the fall, Alphabet Inc.’s Google unit will begin moving employees into a 319,000-square-foot office...